Stop Loss Alert for TMF

TMF has struggled in August, but I had hoped the 80 dollar range would provide some support.

Yesterday’s price action triggered my trading stop, which meant it was time to buy back outstanding calls and liquidate the underlying position. Unfortunately, TMF gaped down again this morning, adding insult to injury.

Looking back, TMF broke the trendline when it breached the $85 mark. I probably should have sold at that time, but my trading program was still in buy territory.